Interested to Buy Any Domain ? << Click Here >> for more details...
do you know when the banks got nationalised and why?
- 5 Answers
- 15064 Views
- State Bank Of India SBI, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / devi
On 19th July 1969 14 major banks were nationalised. Then on
15th april 1980, 6 more banks were nationalised.
Banks were nationalised to channelise finance in accordance
with plan priorities.
To spread the banking habits in rural areas.
To provide liberal bank finance to neglected and priority
sectors.
And most of all to obtain commanding heights of the economy.
| Is This Answer Correct ? | 9 Yes | 1 No |
Nationalised banks dominate the banking system in India. The
history of nationalised banks in India dates back to
mid-20th century, when Imperial Bank of India was
nationalised (under the SBI Act of 1955) and re-christened
as State Bank of India (SBI) in July 1955. Then on 19th July
1960, its seven subsidiaries were also nationalised . These
subsidiaries of SBI were State Bank of Bikaner and Jaipur
(SBBJ), State Bank of Hyderabad (SBH), State Bank of Indore
(SBIR), State Bank of Mysore (SBM), State Bank of Patiala
(SBP), State Bank of Saurashtra (SBS), and State Bank of
Travancore (SBT).
However, the major nationalisation of banks happened in 1969
by the then-Prime Minister Indira Gandhi. The major
objective behind nationalisation was to spread banking
infrastructure in rural areas and make cheap finance
available to Indian farmers. The nationalised 14 major
commercial banks were Allahabad Bank, Andhra Bank, Bank of
Baroda, Bank of India, Bank of Maharashtra, Canara Bank,
Central Bank of India, Corporation Bank, Dena Bank, Indian
Bank, Indian Overseas Bank, Oriental Bank of Commerce (OBC),
Punjab and Sind Bank, Punjab National Bank (PNB), Syndicate
Bank, UCO Bank, Union Bank of India, United Bank of India
(UBI), and Vijaya Bank.
In the year 1980, the second phase of nationalisation of
Indian banks took place, in which 7 more banks were
nationalised . With this, the Government of India held a
control over 91% of the banking industry in India. After the
nationalisation of banks there was a huge jump in the
deposits and advances with the banks. At present, the State
Bank of India is the largest commercial bank of India and is
ranked one of the top five banks worldwide.
| Is This Answer Correct ? | 9 Yes | 1 No |
Answer / nikhil
banks were nationalised on 19 july 1969 .
it was nationalised for the rural econmy development
| Is This Answer Correct ? | 13 Yes | 6 No |
Answer / aritra de
July,1969
1.)To eliminate concentration of power in a few private hands.
2.)to Diversify d flow of bank credit towards d priority sectors (like agriculture, small & medium scale enterprises.)
3.) To extend d banking facilities to unbanked rural areas.
4.) Banks will be more committed to do social developments.
| Is This Answer Correct ? | 7 Yes | 1 No |
Answer / racks10381
1969,for the growth of econmy,&to decrease risk
| Is This Answer Correct ? | 8 Yes | 3 No |
can i know anyone who got selection from hyd circle for sbi november2009 clerical?
Can anybody give the exact date of sbi interview result which were held from 26 apr to 1o may 2010?
51 Answers State Bank Of India SBI,
I am going to face inerview of CLERICAL STAFF(CUSTOMER RELATION ASSOCIATE) IN SBI. the date is 02.05.2008. Please send me relative querstion supposed to be asked in THE INTERVIEW. where can I find Banking Common terms?
15 Answers Fiorano, State Bank Of India SBI, TCS,
hey guys i attended my interview on 29th April in a delhi zone.They were asking so simple question that i was surprised. I preapred day and night for the interview collecting all the question from this link and other site as well as from GS book but they simply asked 1) tell us about ur family 2) about u 3) Why u want to join banking and not IT . 4) Advantages and disadvantages of computer. 5) Where is hawamahal. 6) about pink city 7) who discovered electron. 8) who invented telephone. that's all I think it was just waste of time preparing banking related questions.
hi friends i hve recieved a msg that i hve been selected 4 interview.pls could anyone help me out as to wht will be asked in interview
Sir i have cleared the SBI entrance test held on 1-03- 2009.May i know the interview process and the ratio of candidates .I am from Andhra Pradesh and did Btech.Will they ask any questions from my Btech subjects.Is there any effect of my betch degree?
please send me the sylbus of Andra bank clerk test model papers. email id : gtulasiraj@yahoo.co.in
I am not clear about the nature of the job....Hello, I have cleared the clerical interview. I am still confused about the nature of the job. I am not at all comfortable in working in a call-centre like environement and to work in shifts.But when in the job advertisement,it was there that the employee is required to make calls to customers,work in sfits and do travel. Clarifications please....
0 Answers State Bank Of India SBI,
I have selected for indian bank clerical interview? may i know what are the questions that can be asked?
Hi is their any one who has been called for an SBI associate banks interview on 26th-may 2009 at Bangalore.(From karnataka)...if so then please mail me ddeep_kanade@rediffmail.com
3 Answers State Bank Of India SBI,
All about sbi clerical,starting salary, work condition... etc
3 Answers State Bank Of India SBI,
what is the bigbang project?
POs 
